By Patrick Francey
At REIN were focused on helping investors discover and deploy the very best investing strategies to help them achieve a quality of life that most people can only dream about. We call this the REIN Life.
But, in all the talk about strategies like where to buy, when to buy or how to build the best team, theres often a strategy that gets overlooked. Truth be told, it gets overlooked because it doesnt SEEM like a business or investment strategy, even though it can be linked as a direct tie to your success as an investor. It also doesnt even look like financial leadership, yet it can deliver the greatest returns on your investment of money and time.
Im talking about the investment in your health. Specifically, Im suggesting this as a single investing strategy that addresses four critical components: your physical, mental, emotional, and relational health. Often we only think of physical health when we talk about health, but all four aforementioned components are equally key to living a healthy life.
Before I get into the individual details for each of these, let me make the crystal-clear connection about the reasons why this is an INVESTING strategy:
- Its cliché but cannot go without saying: Without your health, wealth is pretty meaningless.
- It may seem counterintuitive, but countless studies clearly show that a strong practice of health in these four areas helps you generate even more energy. Its the type of energy needed to power you through the extra hours often required by a real estate investor-entrepreneur.
- It ensures that you earn a higher profit because less downtime caused by illness or stress means you are investing more time, hence the opportunity for higher returns.
- It helps you to stay focused: For example, a clear mind that does not get pulled in a million directions, overwhelmed by fleeting emotions and mental exhaustion, helps you make clearer decisions while performing diligently, leading your team, or when dealing with setbacks.
- It helps to ensure that you have a quality network of contacts and support (which, as many will tell you, is your true net worth!).
- It helps to ensure you have a quality of life that lets you enjoy the great things youve earned alongside the many friends and loved ones with whom youve built relationships.
- Youll also discover that the discipline it takes to improve your health can be applied to other areas of life, including investing.
In short, focusing on your health (physical, mental, emotional, and relational) is an investing strategy with a very clear connection to bottom-line success as an investor.
To give you an example from my own life: I begin my day between 5 5:30 am. I physically train from four to seven days a week, and have done so for the past 25 years. Ive worked with personal trainers for the past 20 years (I actually have two different trainers that I have worked with for many years.) Training is not a minor annoyance that I squeeze reluctantly into my day. Its not even just a habit that Ive developed. Its my hobby. I train because I enjoy the challenge. I add my training days to my calendar as part of my days schedule. Theres more than that: I train not just to improve my physical health but also because it has such a positive impact on my mental and emotional health, something that is very important to me. Im the CEO of REIN, Im the CEO of my other businesses, or from my perspective, Im simply the CEO of my life. Business is just one part of it!
I believe I owe it to everyone I surround myself with and who rely on me, to be in peak condition (physically, mentally, emotionally, and relationally) to ensure that I consistently deliver my best and can deliver on the support I commit to providing others.
Surprisingly for some, taking time for themselves actually makes them feel a little selfish, or self-centered, especially if they are already feeling bad about how much time they spend working or spending away from their family. But its actually the opposite: To take care of all the things you have going on in your life, I believe YOU have to be at the center. If you dont look after yourself in all areas of your health, you also put everyone and everything else at risk.
Study the habits of the most successful business leaders, actors, and professionals or anyone at the top of their game and youll discover that they have a very focused discipline for themselves in these areas. Many start their days by 5am with a routine of prayer, journaling, and gratitude and then head to the gym for a workout, go for a run, or meditate. Regardless of how they do it, they are ultimately doing what they need to do to look after themselves mentally, physically, emotionally and relationally.
With that in mind, here are some tips and strategies for you to consider in building your four pillars of health.
- Eat well: feed your body and your brain. It doesnt matter how high performance your car is if you put in low quality fuel. The same goes for your body. Input has a direct correlation to your output: What you fuel your body with directly impacts your performance.
- Commit to a regular routine of activity (think of ways to make it fun) to stay in shape and keep your heart and brain healthy. From simply walking briskly to higher intensity strength and cardio training, the options are endless. Seriously consider investing in a trainer. For me its essential for success.
- Declutter your personal hard drive your brain. Make lists: to do lists, gratitude lists, idea lists. Journal. Do whatever it takes to clear your mind (and defrag your brain). This simple yet highly practical strategy works to get that jumble of thoughts out of your head where you can see them, prioritize them, free up creative space, AND not lose important information.
- Practice mindfulness. Call it meditation, prayer, reflection, whatever. These terms sometimes have a negative connotation as being mystical and impractical but theyre essential to mental and emotional health. The important thing is to take some time to consciously slow things down, hit pause on your active brain, and just be present even if its just for a few minutes.
- Become an active listener. Listen closely and hear what other people are saying. Avoid finishing their sentences, making assumptions, judging, or checking out as you formulate the story you have to tell or what YOU want to say, As American educator, author, businessman, and keynote speaker Stephen Covey said, Seek first to understand and then to be understood.
- Serve others. I cant think of a more important way to contribute to any relationship (spouse, friend, professional, or even your tenants) than to figure out how to serve other people. Zig Ziglar, American author and motivational speaker, once said, You can have everything in life you want, if you will just help enough other people get what they want. Even simple gestures like sending thank you notes or showing appreciation for someone serves them by demonstrating their value to you.
I challenge you for the rest of this month to incorporate new healthy habits, or perhaps drop a bad habit. Push yourself to incorporate these new daily habits into your life, and to stretch yourself physically, mentally, emotionally, and relationally. Youll quickly discover after even 30 days of regular practice that there is a distinct real estate investing benefit in this strategy!
Patrick Francey is the CEO of REIN. As a serial entrepreneur he owns many businesses and has been a real estate investor for nearly 20 years. The majority of his holdings are located in Edmonton and Grande Prairie.